Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Salesforce Workforce Reduction Affects Fewer Than 1,000 Roles Amid Ongoing Restructuring 
Standard Chartered Names Peter Burrill as Interim Group CFO Following Diego De Giorgi’s Exit 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Anta Sports Expands Global Footprint With Strategic Puma Stake 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Macquarie Group Shares Jump as Third-Quarter Trading Conditions Improve Across Key Units 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Samsung Electronics Shares Jump on HBM4 Mass Production Report 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
LOS ANGELES, June 23, 2017 -- Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Catalyst Hedged Futures Strategy Fund (“Catalyst” or the “Fund”) (Nasdaq:HFXAX) (Nasdaq:HFXCX) (Nasdaq:HFXIX) regarding possible violations of federal securities laws between November 1, 2014 and April 28, 2017, inclusive (the “Class Period”). Investors who purchased or otherwise acquired Class A, Class C, or Class I shares of the Fund during the Class Period should contact the firm by June 27, 2017, the lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at [email protected].
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may do nothing and be an absent class member as well.
According to the Complaint, during the Class Period, Catalyst violated federal securities laws by making materially false and/or misleading public statements and/or failing to disclose material information to investors. The Fund stated in its Prospectuses, that its objective is “capital appreciation and capital preservation in all market conditions, with low volatility and low correlation to the US equity market.” It was eventually disclosed that Catalyst made a directional bet that the general equity market would not rise significantly in value, in the form of massive option contracts that effectively “shorted” the S&P 500. As these undisclosed risks materialized, the Fund’s investors lost hundreds of millions of dollars. Between February 2, 2017 and March 15, 2017, the Net Asset Value of Catalyst’s Class A, Class C and Class I shares declined about 21%.
Lundin Law PC was established by Brian Lundin, Esquire, a securities litigator based in Los Angeles devoted to upholding shareholders’ rights.
This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethics rules.
Contact: Lundin Law PC Brian Lundin, Esq. Telephone: 888-713-1033 Facsimile: 888-713-1125 [email protected] http://lundinlawpc.com/
